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Credit card rates Spark Canadian parliamentary inquiry
MP Reg Stackhouse leads a Finance Committee probe into why 1980s Canada keeps high card interest while loan, mortgage rates fall. He cites Bank of Montreal cooperation gaps and cites U S lower rates, Union Privilege Mastercard and proposed caps. committee awaits recommendations to force lenders into line.
MENTIONED IN THIS ARTICLE
Bank of Canada
Visa
Mastercard
Canada Trust
Reg Stackhouse
Stackhouse
Scarboro West
Commons Finance Committee
Feds
Bank of Montreal
Canadian Bankers’ Association
Scarboro
Ees
Afl-Cio
House of Representatives
Treasury
Canada
Stackhouse Slashers